Along with other features, the software can automate tasks usually performed manually.
The agency will give greater scrutiny to retirement plan distributions and 403(b) universal availability rules, among other things.
The 1st U.S. Circuit Court of Appeals found “several errors of law in the district court’s rulings.”
Sharing findings of a recent Capital One survey, Stuart Robertson says there is opportunity to educate employees about the tax-deferred status of retirement plan contributions and retirement plan investment fees.
INSIDE THE MAGAZINE PLANSPONSOR August/September 2018
New Wells Fargo plan health research shows “high influence” plans do not all look the same, nor are they just the most generous plans in terms of the matching formula.
Due to changes in the wider benefits and compensation landscape, experts agreed, now is a fine time for nonprofit employers to reconsider their offerings and whether they can do more to attract and retain top executive talent.
Of the nearly half of survey respondents who report they have experienced health care cost increases in the past year, 24% state they have decreased their contributions to retirement plans, and 17% have taken a loan or withdrawal from a retirement plan.
TAG's 401(k) Aggregated Solution offers minimal fiduciary liability, partnerships with well-known providers, regulated compliance and competitive cost.
In a study of eight countries, State Street found that the retirement structures with the highest objective rankings did not necessarily correspond to the happiest respondents, and it offers suggestions for policymakers, retirement plan sponsors and providers.
If interest rates continue to rise, this may have a negative impact on equity valuations; consequently, according to Goldman Sachs research, the present period may represent a limited window for optimal pension risk transfer actions.
A table on the PBGC’s website shows that the flat-rate premium for single-employer plans has grown from $31 in 2007 to $80 in 2019, and the variable-rate premium has grown from $9 to $43.
“Employers can now identify opportunities to develop local provider strategies that improve quality and lower costs,” says Todor Penev, with Aon.
However, 20% said they do not understand the process for withdrawing money from their 401(k) in retirement, according to a Charles Schwab survey.
Larger DB plans have access to liability hedging, overlay managers and derivatives to manage interest rate risk, and small plans want these capabilities but cannot afford the expense, says James Tamposi with Cerulli Associates.